Minerals Technologies (NYSE:MTX) Stock Rating Lowered by Wall Street Zen

Minerals Technologies (NYSE:MTX) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Other analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Minerals Technologies in a research report on Wednesday, October 8th. Truist Financial lifted their price target on Minerals Technologies from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Minerals Technologies has a consensus rating of “Hold” and a consensus price target of $84.00.

Minerals Technologies Stock Down 0.4%

Minerals Technologies stock opened at $59.32 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.95 and a quick ratio of 1.35. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 988.86 and a beta of 1.23. Minerals Technologies has a 1-year low of $49.54 and a 1-year high of $86.49. The business has a fifty day moving average price of $62.23 and a 200-day moving average price of $58.79.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Wednesday, March 15th. The basic materials company reported $1.50 earnings per share for the quarter. The firm had revenue of $557.00 million during the quarter. Minerals Technologies had a return on equity of 10.64% and a net margin of 0.10%. Equities research analysts forecast that Minerals Technologies will post 6.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Minerals Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. increased its stake in shares of Minerals Technologies by 20.3% in the 2nd quarter. American Century Companies Inc. now owns 1,284,532 shares of the basic materials company’s stock valued at $70,739,000 after purchasing an additional 216,453 shares in the last quarter. Geode Capital Management LLC increased its stake in Minerals Technologies by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 911,831 shares of the basic materials company’s stock worth $50,220,000 after buying an additional 5,348 shares in the last quarter. Boston Trust Walden Corp increased its stake in Minerals Technologies by 9.2% during the 2nd quarter. Boston Trust Walden Corp now owns 659,583 shares of the basic materials company’s stock worth $36,323,000 after buying an additional 55,345 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Minerals Technologies by 6.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 543,547 shares of the basic materials company’s stock worth $33,879,000 after buying an additional 32,342 shares in the last quarter. Finally, Brandes Investment Partners LP increased its stake in Minerals Technologies by 436.3% during the 2nd quarter. Brandes Investment Partners LP now owns 538,073 shares of the basic materials company’s stock worth $29,632,000 after buying an additional 437,734 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.